Stock Analysis on Net

Newmont Corp. (NYSE:NEM)

This company has been moved to the archive! The financial data has not been updated since April 29, 2024.

Analysis of Liquidity Ratios
Quarterly Data

Microsoft Excel

Liquidity Ratios (Summary)

Newmont Corp., liquidity ratios (quarterly data)

Microsoft Excel
Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Current ratio 2.15 1.25 2.12 2.28 2.38 2.23 2.72 2.82 2.92 2.90 2.67 2.67 2.40 2.52 2.83 2.81 3.31 2.63 2.18 1.83 2.97
Quick ratio 0.57 0.63 1.17 1.27 1.40 1.41 1.77 1.93 1.97 2.04 1.83 1.85 1.73 1.86 2.02 1.84 2.10 1.20 1.25 0.86 2.10
Cash ratio 0.43 0.50 1.14 1.20 1.27 1.28 1.64 1.78 1.80 1.91 1.71 1.72 1.65 1.73 1.90 1.73 1.99 1.04 1.10 0.73 1.98

Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Newmont Corp. current ratio deteriorated from Q3 2023 to Q4 2023 but then improved from Q4 2023 to Q1 2024 exceeding Q3 2023 level.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Newmont Corp. quick ratio deteriorated from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Newmont Corp. cash ratio deteriorated from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.

Current Ratio

Newmont Corp., current ratio calculation (quarterly data)

Microsoft Excel
Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Current assets 11,806 7,512 5,955 6,134 6,559 6,515 6,320 6,907 7,059 7,696 7,472 7,445 8,364 8,505 7,660 6,684 6,455 6,272 5,698 4,638 5,397
Current liabilities 5,482 5,998 2,808 2,693 2,752 2,926 2,324 2,451 2,417 2,654 2,799 2,787 3,480 3,369 2,703 2,378 1,952 2,385 2,611 2,538 1,815
Liquidity Ratio
Current ratio1 2.15 1.25 2.12 2.28 2.38 2.23 2.72 2.82 2.92 2.90 2.67 2.67 2.40 2.52 2.83 2.81 3.31 2.63 2.18 1.83 2.97
Benchmarks
Current Ratio, Competitors2
Freeport-McMoRan Inc. 2.35 2.42 2.90 2.94 2.79 2.46 2.56 2.73 2.37 2.52 2.50 2.28 2.35 2.72 2.61 2.46 2.34 2.47 2.47 2.66 2.79

Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q1 2024 Calculation
Current ratio = Current assets ÷ Current liabilities
= 11,806 ÷ 5,482 = 2.15

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Newmont Corp. current ratio deteriorated from Q3 2023 to Q4 2023 but then improved from Q4 2023 to Q1 2024 exceeding Q3 2023 level.

Quick Ratio

Newmont Corp., quick ratio calculation (quarterly data)

Microsoft Excel
Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Cash and cash equivalents 2,336 3,002 3,190 2,829 2,657 2,877 3,058 4,307 4,272 4,992 4,636 4,583 5,518 5,540 4,828 3,808 3,709 2,243 2,712 1,827 3,545
Trade receivables 782 734 78 185 348 366 289 364 413 337 334 341 263 449 324 255 220 373 383 330 209
Investments 23 23 24 409 847 880 755 51 72 82 157 222 240 290 313 310 175 237 157 24 56
Total quick assets 3,141 3,759 3,292 3,423 3,852 4,123 4,102 4,722 4,757 5,411 5,127 5,146 6,021 6,279 5,465 4,373 4,104 2,853 3,252 2,181 3,810
 
Current liabilities 5,482 5,998 2,808 2,693 2,752 2,926 2,324 2,451 2,417 2,654 2,799 2,787 3,480 3,369 2,703 2,378 1,952 2,385 2,611 2,538 1,815
Liquidity Ratio
Quick ratio1 0.57 0.63 1.17 1.27 1.40 1.41 1.77 1.93 1.97 2.04 1.83 1.85 1.73 1.86 2.02 1.84 2.10 1.20 1.25 0.86 2.10
Benchmarks
Quick Ratio, Competitors2
Freeport-McMoRan Inc. 1.34 1.31 1.59 1.62 1.62 1.57 1.65 1.84 1.60 1.66 1.66 1.45 1.38 1.48 1.21 0.97 0.86 0.99 0.96 1.09 1.24

Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q1 2024 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 3,141 ÷ 5,482 = 0.57

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Newmont Corp. quick ratio deteriorated from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.

Cash Ratio

Newmont Corp., cash ratio calculation (quarterly data)

Microsoft Excel
Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Cash and cash equivalents 2,336 3,002 3,190 2,829 2,657 2,877 3,058 4,307 4,272 4,992 4,636 4,583 5,518 5,540 4,828 3,808 3,709 2,243 2,712 1,827 3,545
Investments 23 23 24 409 847 880 755 51 72 82 157 222 240 290 313 310 175 237 157 24 56
Total cash assets 2,359 3,025 3,214 3,238 3,504 3,757 3,813 4,358 4,344 5,074 4,793 4,805 5,758 5,830 5,141 4,118 3,884 2,480 2,869 1,851 3,601
 
Current liabilities 5,482 5,998 2,808 2,693 2,752 2,926 2,324 2,451 2,417 2,654 2,799 2,787 3,480 3,369 2,703 2,378 1,952 2,385 2,611 2,538 1,815
Liquidity Ratio
Cash ratio1 0.43 0.50 1.14 1.20 1.27 1.28 1.64 1.78 1.80 1.91 1.71 1.72 1.65 1.73 1.90 1.73 1.99 1.04 1.10 0.73 1.98
Benchmarks
Cash Ratio, Competitors2
Freeport-McMoRan Inc. 0.99 1.03 1.33 1.40 1.30 1.28 1.43 1.60 1.29 1.37 1.39 1.14 0.99 1.07 0.78 0.50 0.51 0.63 0.66 0.80 0.87

Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q1 2024 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 2,359 ÷ 5,482 = 0.43

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Newmont Corp. cash ratio deteriorated from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.